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To: Mark Fowler who wrote (46557)3/19/1999 8:26:00 PM
From: Glenn D. Rudolph  Respond to of 164685
 
You mean Ibm's revenues, if so I heard about this news before and it would be old news.

Mark,

CNBC seem do indicate it was new news. A little redundant there. Reuters triad to squash the "rumor." ????

As for T, well now I have enough for a long term hold. I have not read anything about the bonds that are going to be offered but that may have some affect. Sideways is fine. I just would not have much fun with more downside.

Glenn



To: Mark Fowler who wrote (46557)3/19/1999 9:22:00 PM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164685
 

Couldn't nap; too much craziness. I can't remember a day in the last
three months where discipline helped you until today. Today it paid to
just watch the nuttiness.

My take: insignificant day colored by some sort of weird rebalancing at
the bell that really skewed stocks. Take a look at that collapse in AT&T
(T:NYSE), a stock I am long. S&Pers had to sell T to rebalance their
portfolios. All I can say is, They sure did! Brutal. I bought the print at the
close but I was surprised how easily this one got knocked over.

One thing is certain: There will be no peace in these personal computer
stocks. They are just way too easy to knock down on rumors.

They just aren't right yet. Some other time.

Score one for the bears. Goal, Bruins!